Filing Flows › Wolfspeed (WOLF) › Q1 FY26
Wolfspeed (WOLF) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 7, 2025
Wolfspeed (WOLF) reported revenue of $197M for the first quarter fiscal 2026 (Q1 FY26), +1% from a year earlier and -0.1% from the quarter before. Operating margin was -82.0%, net loss $644M (327.0% of revenue).
Wolfspeed, Q1 FY26: revenue $197M (+1% year over year), operating margin -82.0%, net loss $644M, operating cash flow $5.7M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $197M | -0.1% | +1% |
| Operating profit | −$161M | — | — |
| Net earnings | −$644M | — | — |
| Operating cash flow | $5.7M | — | — |
What changed
Revenue was $196.8M in Q1 FY26, up 1% year over year and roughly flat from the previous quarter. Power Products was the largest line at 67% of revenue. Power Products added $34.7M year over year (up 36%), 1652% of the total change. Materials Products declined 33%.
Operating costs exceeded revenue by $161.4M, an operating margin of -82.0%. Total costs fell 16% while revenue rose 1%. The fastest-growing cost line was Cost of revenue (+19%). The quarter ended with a net loss of $643.6M, narrower than the previous quarter's $669.3M loss. Net interest and other expense of $482.1M was the main reason.
Operating cash flow was $5.7M. Non-cash charges added back $69.3M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items added $566.4M. Capital expenditures of $104.0M exceeded it, leaving free cash flow of −$98.3M.
Questions
What was Wolfspeed's revenue in the first quarter fiscal 2026?
Wolfspeed (WOLF) reported revenue of $197M for the first quarter fiscal 2026 (Q1 FY26), +1% from a year earlier and -0.1% from the quarter before.
Was Wolfspeed profitable in the first quarter fiscal 2026?
Operating loss was $161M (-82.0% of revenue) and net loss $644M.
Source: Wolfspeed 10-Q on SEC EDGAR.